HRH Next Services IPO vs MCPL IPO

Comparision between HRH Next Services IPO and MCPL IPO.

IPO Details

HRH Next Services IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while MCPL IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	HRH Next Services IPO	MCPL IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Finshore Management Services Limited	Swaraj shares and securities private limited
Registrar	Cameo Corporate Services Limited	Purva Sharegistry India Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Shreni Shares Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of HRH Next Services IPO is up to ₹9.57 Cr whereas the issue size of the MCPL IPO is up to ₹14.47 Cr. The final issue price of HRH Next Services IPO is ₹36.00 per share and of MCPL IPO is ₹62.00 per share.

	HRH Next Services IPO	MCPL IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹36.00 per share	₹62.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	26,58,000 shares	23,34,000 shares
Fresh Issue Size (Amount)	up to ₹9.57 Cr	up to ₹14.47 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	26,58,000 shares	23,34,000 shares
Issue Size Total (Amount)	up to ₹9.57 Cr	up to ₹14.47 Cr

IPO Timetable

HRH Next Services IPO opens on Dec 27, 2023, while MCPL IPO opens on Dec 27, 2023. The closing date of HRH Next Services IPO and MCPL IPO is Dec 29, 2023, and Dec 29, 2023, respectively.

	HRH Next Services IPO	MCPL IPO
Anchor Bid Date
Issue Open	Dec 27, 2023	Dec 27, 2023
Issue Close	Dec 29, 2023	Dec 29, 2023
Basis Of Allotment (Tentative)	Jan 01, 2024	Jan 01, 2024
Initiation of Refunds (Tentative)	Jan 02, 2024	Jan 02, 2024
Credit of Share (Tentative)	Jan 02, 2024	Jan 02, 2024
Listing date (Tentative)	Jan 03, 2024	Jan 03, 2024
Anchor Lockin End date 1	Jan 31, 2024	Jan 31, 2024
Anchor Lockin End date 2	Mar 31, 2024	Mar 31, 2024

Financials

HRH Next Services IPO P/E ratio is 6.78, as compared to MCPL IPO P/E ratio of 0.26.

HRH Next Services IPO

MCPL IPO

Financial

HRH Next Services Limited Financial Information (Restated)

HRH Next Services Limited's revenue increased by 15.73% and profit after tax (PAT) rose by 273.85% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,113.86	2,882.29	1,864.85	1,298.10
Revenue	2,152.51	5,124.96	4,428.42	2,424.26
Profit After Tax	150.84	347.79	93.03	25.18
Net Worth	1,320.71	1,044.79	697.00	603.97
Reserves and Surplus	665.96	1,024.79	677.00	583.97
Total Borrowing	1,083.77	990.57	442.58	401.88
Amount in ₹ Lakhs

Manoj Ceramic Limited Financial Information (Restated)

Manoj Ceramic Limited's revenue increased by 66.54% and profit after tax (PAT) rose by 283.52% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,491.23	7,787.64	5,866.52	6,074.55
Revenue	4,374.54	7,493.48	4,499.62	3,730.84
Profit After Tax	301.75	362.43	94.50	8.24
Net Worth	1,610.05	1,310.05	947.62	853.11
Reserves and Surplus	760.05	910.05	547.62	453.11
Total Borrowing	5,862.72	5,054.97	3,495.83	3,926.16
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.88%

99.55%

Promoter Shareholding (Post-Issue)

69.61%

71.67%

P/E Ratio

6.78

0.26

Market Cap

₹33.14 Cr.

₹51.67 Cr.

ROE

39.94%%

ROCE

6.80%%

Debt/Equity

0.12

3.86

EPS

₹5.31

₹241.62

RoNW

33.29%%

27.67%%

Shares Offered

In the HRH Next Services IPO retail investors (RII) are offered 12,60,000 shares while in MCPL IPO retail investors are offered 12,60,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in HRH Next Services IPO and 0 shares in MCPL IPO.

	HRH Next Services IPO	MCPL IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,35,000 shares	1,18,000 shares
QIB	0 shares	0 shares
NII	12,63,000 shares	11,08,000 shares
RII	12,60,000 shares	11,08,000 shares
Employee	0 shares	0 shares
Others
Total	25,23,000 shares	22,16,000 shares

Bids Received (Subscription)

HRH Next Services IPO subscribed 66.29x in total, whereas MCPL IPO subscribed 9.00x.

	HRH Next Services IPO	MCPL IPO
QIB (times)
NII (times)	66.91x	7.28x
Big NII (times)
Small NII (times)
RII (times)	63.61x	10.73x
Employee (times)
Other (times)
Total (times)	66.29x	9.00x

Compare with others

HRH Next Services IPO	MCPL IPO
Lawsikho IPO	IBL Finance IPO
IBL Finance IPO	New Swan Multitech IPO
New Swan Multitech IPO	Kaushalya Logistics IPO
Kaushalya Logistics IPO	Akanksha Power and Infrastructure IPO
Akanksha Power and Infrastructure IPO	HRH Next Services IPO
MCPL IPO	Kay Cee Energy & Infra IPO
Kay Cee Energy & Infra IPO	Balaji Valve Components IPO
Balaji Valve Components IPO	AIK Pipes And Polymers IPO
AIK Pipes And Polymers IPO	Indifra IPO
Indifra IPO	Sameera Agro IPO

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